Dubai, Industrial Market Bulletin, Winter 2017
Cluttons has issued its Dubai Industrial Market Bulletin for Winter 2017/18.
Although overall sentiment has remained subdued throughout the year, there are a number of large scale requirements in the market currently, which have been present for some time; however there remains no space being developed on a large scale to satisfy this demand. As a result, many occupiers are expected to eye build-to-suit options.
While we expect the build-to-suit trend to gain momentum over the coming months in order to satisfy requirements from large occupiers, we don’t expect it to be a game changer for the emirate’s industrial market.
At present, we are aware of requirements from a handful of onshore retailers, an online retailer and an international car manufacturer, as well as a 100,000 sq ft requirement for an existing logistics occupier to expand its operations in Jebel Ali area. Aside from this, demand levels are pretty static and are in fact lower than they were at this time last year.